Alight scores $11m for Series A to help expand in new markets

fintech insurtech wealthtech regtech ai cybertech esg news
fintech insurtech wealthtech regtech ai cybertech esg news

Enterprise management provider Alight has scored $11m for its Series A to help boost its mining and mortgage verticals.

Investors that committed to the fund included Caterpillar Venture Capital and a group of Bay Area tech investors.

The cloud-based company helps executives mange the future by showing the financial effects of potential decisions across the company.

Currently Alight works with firms in the mining, mortgage banking and tech sectors.

Equity from the fundraise will be used to boost its mining and mortgage industry verticals and also expanding into new sectors with two new offerings planned for later in the year including a pharma vertical.

Caterpillar Venture Capital managing director Jim Hawkins said, “Alight’s technologies can offer our customers financial applications that speed the ‘what if’ analysis around capital decisions such as machine and technology purchases as well as operational decision making.

“With our leadership on introducing automation to the industry, we have found that mine operators need to better understand the broad benefits coming from automation. Seeing the financial impact of a decision before it’s made will be a great benefit at both the mine site and enterprise levels.”

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